BYD sold 490,168 vehicles in October, marking its sixth consecutive month of sales growth. Sales rose 11% year over year, with international shipments driving much of the increase as the company sought to offset sluggish demand at home. Overseas shipments climbed 102.8% to 170,194 units.
October’s sales growth cooled from September’s 17% gain. Third-quarter profit growth slowed to 28%, missing analyst forecasts amid intense price competition in China and weaker domestic demand.